Adicet Bio Inc Stock Forecast
Red day on Friday for Adicet Bio Inc stock after losing 2.61%
(Updated on May 24, 2024)
The Adicet Bio Inc stock price fell by -2.61% on the last day (Friday, 24th May 2024) from $1.53 to $1.49. During the last trading day the stock fluctuated 5.08% from a day low at $1.48 to a day high of $1.55. The price has been going up and down for this period, and there has been a 1.36% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -56 thousand shares and in total, 445 thousand shares were bought and sold for approximately $662.31 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -35.91% during the next 3 months and, with a 90% probability hold a price between $0.769 and $1.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ACET Signals & Forecast
There are mixed signals in the stock today. The Adicet Bio Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.58 and $1.77. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 12.03%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Adicet Bio Inc stock
Adicet Bio Inc finds support from accumulated volume at $1.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0750 between high and low, or 5.08%. For the last week the stock has had daily average volatility of 6.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACET) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Adicet Bio Inc to open at $1.51, and during the day (based on 14 day Average True Range), to move between $1.34 and $1.64, which gives a possible trading interval of +/-$0.147 (+/-9.85%) up or down from last closing price. If Adicet Bio Inc takes out the full calculated possible swing range there will be an estimated 19.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.52 (2.01%) than the support at $1.45 (2.68%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Adicet Bio Inc stock A Buy?
Adicet Bio Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.768 Sell Candidate Unchanged
Predicted Opening Price for Adicet Bio Inc of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $1.51 ( 1.01%) | $1.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACET
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.58 | 6.04 % | |
| R2 | 1.55 | 4.12 % | ||
| R1 | 1.53 | 2.93 % | ||
| Current price: | 1.49 | |||
| Support | S1 | 1.48 | -0.92 % | |
| S2 | 1.46 | -2.10 % | ||
| S3 | 1.43 | -4.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.73 | 16.11 % | |
| R2 | 1.69 | 13.42 % | ||
| R1 | 1.52 | 2.01 % | ||
| Current price | 1.49 | |||
| Support | S1 | 1.45 | -2.68% | |
| S2 | 1.41 | -5.37% | ||
| S3 | 1.40 | -6.04% |
ACET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 12, 2018 | Sep 21, 2018 | Oct 09, 2018 | $0.0100 | 0.0115% |
| 2 | May 03, 2018 | Jun 07, 2018 | Jun 22, 2018 | $0.0100 | 0.0145% |
| 3 | Feb 01, 2018 | Mar 08, 2018 | Mar 23, 2018 | $0.0650 | 0.0788% |
| 4 | Dec 07, 2017 | Dec 15, 2017 | Dec 28, 2017 | $0.0650 | 0% |
| 5 | Aug 24, 2017 | Sep 07, 2017 | Sep 21, 2017 | $0.0650 | 0% |
FAQ
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